FAQ

WebHive(Whive) description? Whive is a peer to peer blockchain protocol that is built to allow for small (CPU) and medium scale mining (GPU) with a merge-mined algorithm pegged on the Bitcoin blockchain for security. Whive is currently in the private test-net phase.

Will Whive be open source? Whive will be an open-source project to allow for improvement through Whive Improvement Proposals (WIPs).

How much time will research consume? The experimental phase should be between 12 to 18 months beginning from March 2018 with a private and public test-net rolled out during that time.

Which problems will the Whive blockchain solve? We are solving Energy Access problem with a focus on Solar Access initially and then also looking at the smart distributed economy using Internet of Things (IoT) for device communication and Artificial Intelligence (AI) for network analysis.

When will there be the first Whive blockchain prototype? We would like to have a private test-net up for the mining protocol by September 2018 and a public test-net by Nov 2018.

How many WHIVE tokens will be rewarded per block? Exactly 500.

How many WHIVE tokens will be there in total? Approximately 210,000,000.

In which way will they be distributed (Timeframe)? Over 50 years or so.

What is the average transaction speed we are aiming for? 20 transactions per second.

Will there be a mining pool available? Yes a distributed mining pool will be created for both specialized and generalized nodes.